Many people dream to be their own boss one day. While some actually make it happen and some have to struggle big time. Whereas there are many who play it smartly by signing up with a franchise. There are many myths associated with the franchise system to start a business of your own. Unless you burst the bubble, you will never be able to make it big. So, here is the real question – Are you ambitious enough to start on your own? If yes then do not let anything come in your way especially the finances. The Melbourne hairdressers franchises can actually give you a great start to your business.
Until you set your name as a brand, you will need the right exposure to your potential clients. When your work starts speaking for you then you can think of all the profits. The safest and the best way to create a value without risking much of your money is by franchising. You will be associated with a brand that has regional and possibly national exposure. Imagine the amount of recognition your talent can earn. Not to mention if you aim bigger, you can go international as well. So, before you fly solo, you need to market yourself with the help of a reputed and popular brand.
Since the brands are franchising with you, they will be investing a lot of their resources in you. This is a measure to ensure that you do not work on their set of values and traditions. So, you will be trained at several levels. Right from using the tools to innovative techniques, marketing yourself to managing the business administration, you will be learning a great deal with the franchise. While people may think that you are running a business for the brand, it is you who will be cultivating the skills of an entrepreneur. When you come from no business background, it is better to start with something that comes with an assurance.
- Property Location:
It can be really tough when it comes to starting from the scratch especially a business when you are low on your finances. Starting a salon is not just about your skills with the scissors but several other elements. Firstly, you will need a good location where you can attend your clients. A far-off location might not bring in your old clients let alone new ones. Secondly, the place has to fit your budget. This means you will either have to apply for a huge loan or go downtown. Compromising on the property can severely affect your business. With Melbourne hairdressers franchises, they will help you set up a good salon at a perfect location.
No, the franchises are not for free. Since you will be the acting owner, you need to pay a partial amount for setting up the salon as well. The amount is decided by the brand considering the training sessions, location, marketing etc. Also, once you agree for the franchising, you will be committed to the brand for the specific time span. This frame can be somewhere around 10 to 15 years. While this might appear to be an awfully huge commitment, but you need to compare it with the experience and exposure that you might get. If you are young then you will need the maturity to run a business and if you are old, you will get the financial assistance.
- Risks Involved:
Let’s take a quick recap on how you would start the business as a hairdresser on your own. You will have to come up with a huge sum to buy or rent your place, the equipment and hair care products, power and water bills, salaries for the employees, taxes, and insurance, and many more things. By the time you come up with a ballpark figure and apply for the loan, you might start doubting your plan. What if it fails? What if it does not kick off the way and you are unable to make any profits? But, when you are with the Melbourne hairdressers franchises, you can be rest assured that nothing can go wrong. The brand will always be ready to cover up their loss.
- Profit Sharing:
While you will be paying some amount to set up the salon, you can recover it over few years or months depending on how much skill and effort you put in. But, being with the brand does not mean that you will be the owner for the namesake. You will not be paid a salary for running the salon for the brand but you will be a partner with it. So, the brand will handle the loss for you but, it will make sure that you get your share of profits. The percentage of shares or profit will be decided by the brand as it decides on the fee and the time you will be associated with them. In simpler words, you will be the boss in every sense without worrying about any loss.
Do not think of these 6 pointers as the advantages of being associated with any of the hairdresser’s franchises in Melbourne. But, you should look at them as the possible road blocks. If you think that you can have a blueprint ready and start on your own then get a rain check. Life is not a movie and you cannot afford to stumble especially when you have debts to clear off. It is with the backing from a reputed brand that can offer you a firm base to branch out on your own into the open, wide sky.